The
updated
five-year
investment
plan
represents
an
increase
of
around
25%
on
the
$19.6
billion
spend
budgeted
last
year
for
2012-2016.
Chief
executive
Tevin
Vongvanich
said
the
boosted
investment
aimed
to
“develop
PTTEP’s
organic
growth
projects
to
maximize
the
production
volume,
to
serve
the
rising
of
energy
demand
as
well
as
emphasize
exploration
plans
to
increase
petroleum
potentials
with
the
investment
cost
control”.
PTTEP
said
it
would
sink
the
majority
of
the
funds
into
organic
growth
projects
both
domestically
and
internationally.
Although
the
overall
five-year
budget
is
up,
capital
expenditure
is
forecast
to…
